Union Pacific Co. (NYSE:UNP) Stock Position Increased by Planning Capital Management Corp

Planning Capital Management Corp increased its stake in Union Pacific Co. (NYSE:UNP) by 7.1% during the third quarter, HoldingsChannel.com reports. The fund owned 939 shares of the railroad operator’s stock after buying an additional 62 shares during the period. Planning Capital Management Corp’s holdings in Union Pacific were worth $232,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Marshall Wace LLP grew its holdings in shares of Union Pacific by 272.3% during the second quarter. Marshall Wace LLP now owns 1,678,108 shares of the railroad operator’s stock valued at $379,689,000 after buying an additional 1,227,318 shares in the last quarter. Capital World Investors lifted its position in shares of Union Pacific by 35.3% in the first quarter. Capital World Investors now owns 4,118,477 shares of the railroad operator’s stock worth $1,012,857,000 after buying an additional 1,073,625 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Union Pacific by 19,878.6% in the third quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator’s stock worth $220,856,000 after buying an additional 891,555 shares during the last quarter. Impax Asset Management Group plc lifted its position in shares of Union Pacific by 2,025.4% in the third quarter. Impax Asset Management Group plc now owns 546,236 shares of the railroad operator’s stock worth $134,636,000 after buying an additional 520,536 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in shares of Union Pacific by 7.6% in the 1st quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock worth $1,812,689,000 after acquiring an additional 518,985 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UNP has been the subject of a number of research reports. Bank of America reduced their price objective on Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Raymond James raised their price target on Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a report on Monday, October 14th. Evercore ISI cut Union Pacific from an “outperform” rating to an “inline” rating and dropped their price target for the company from $254.00 to $247.00 in a report on Wednesday, September 25th. Barclays lifted their target price on Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Susquehanna lowered their target price on Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $259.80.

Union Pacific Stock Up 0.6 %

NYSE UNP opened at $240.34 on Thursday. The business has a fifty day moving average price of $242.46 and a two-hundred day moving average price of $238.64. The stock has a market capitalization of $145.71 billion, a PE ratio of 22.07, a PEG ratio of 2.36 and a beta of 1.06. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. Union Pacific Co. has a fifty-two week low of $212.47 and a fifty-two week high of $258.66.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The business had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. During the same quarter in the previous year, the business posted $2.51 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. Equities analysts expect that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.